Take a bite of pudding

Chapter 797 A Daily Loss of 400 Million

November 30, 2004, the final day of the deadline, most of humanity on Earth was oblivious, not feeling anything special about this day.

However, a portion of humanity on Wall Street felt some anxiety and irritation, as their confirmed targets showed no movement at all.

This was the last day for the short positions to be closed, and according to common sense, the Western Mustang Fund should have started gradually buying stocks from the market at least a week in advance, preparing the US$40 billion worth of stocks to be returned.

Of course, if they wanted to buy the same amount of stocks now, it would cost nearly US$70 billion. This sounded like Little Swift would have to borrow another US$30 billion to repay the debt.

However, this was not necessary. After all, Little Swift had a US$40 billion deposit with various financial institutions. Therefore, they only needed to agree to let the US$40 billion deposit held by the financial institutions purchase stocks at the current price, and then spend another US$30 billion to buy stocks.

After all, the US$40 billion in stocks that Little Swift had borrowed before had been converted into US dollars immediately. Therefore, Little Swift should still have over US$30 billion in hand.

However, after this series of operations, the Western Mustang Fund's total capital of US$40 billion in the third phase might not even have US$5 billion left, with a loss rate of over 80%. Little Swift would likely be torn to shreds by the angry investors.

Therefore, the financiers on Wall Street probably anticipated that Little Swift would not willingly accept defeat so early, but would try his best to wait for a miracle.

Of course, the entire Wall Street had tightly controlled the possibility of miracles, refusing to let the stocks of these mobile phone manufacturers fall, and absolutely not allowing Little Swift any chance of turning the tables.

So they estimated that Little Swift would give up hope completely around the last three days and choose to buy stocks.

But the problem was that it was already the last day, and Little Swift still showed no movement. This, in turn, made the financiers on Wall Street a bit uneasy.

Could this Little Swift have some other conspiracy? Would their retirement savings, which had been invested in the stock market for a sure profit, go down the drain!

These people felt a bit unsettled deep down. After all, everyone knew the real financial situation of several mobile phone companies, and the current stock price surge was almost entirely driven by themselves. They absolutely could not afford any problems!

However, upon second thought, they felt it was unlikely. After all, Little Swift couldn't not return the stocks, unless he was willing to accept a huge penalty of 1% per day. But there shouldn't be such a foolish person in the world. After all, this was a penalty of US$400 million a day. This was like giving away money for free!

As everyone was uncertain, the stock market closed on November 30th. The Western Mustang Fund had completely lost the opportunity to buy stocks in the stock market, and the Western Mustang Fund's default became inevitable.

The institutions were already somewhat excited, having deducted US$400 million from the Western Mustang Fund's margin. This money was too pleasing to earn.

But at this time, the entire market was in a state of confusion. They found that they couldn't figure out Little Swift's intentions. What was this damned black man planning to do?

However, everyone was an elite, so soon some wise individuals deduced Little Swift's plan: procrastination.

The wise ones unanimously agreed that Little Swift could not accept the huge loss of US$30 billion, so he intended to drag it out until the corporate financial reports had to be released three months later.

Once the detailed annual financial reports of the major companies were released, their poor sales data would be fully exposed, followed by a sharp drop in stock prices. Little Swift planned to redeem the stocks at that time.

This guess sounded very reasonable, but it was too wishful thinking. One had to know that if they waited until the financial reports were released three months later, it would be a full 90 days.

The margin would be deducted by 90%, which would be a greater loss than at present. A normal person would not do such a thing.

Moreover, if any changes occurred later, and the stock prices did not plummet, or did not drop to the price they bought at, the losses would be even greater.

Therefore, before this, the circle had never considered the possibility of such a reason.

But this seemed to be the only possibility at present.

Wall Street still felt a sense of bewilderment and helplessness. As the sun shone on December 1st, and the stock market was about to open again, many financiers discovered a new problem: whether they should continue to hold stocks in Nokia, Motorola, and other companies.

Everyone originally wanted to make a quick profit in the short term, so they sent in their life savings. But if they had to wait three months, until the annual report was released and the stock prices plummeted, then it would all seem too late, and they would become the ones left holding the bag.

"Why don't we just sell them as soon as the market opens? We've already made quite a profit anyway!" some people immediately prepared to sell their stocks. But the next second, these people collectively received a notice: they were not allowed to sell their stocks in Nokia, Motorola, and other companies.

If this notice was issued by others, even if it was directly from the US Datong Office, these financiers would have ignored it, and might have even dumped their shares immediately. Because if they were slow to react, their peers would have crushed them to death in the mud!

But the notice was issued by their superiors, their own company, or even almost all the big players on Wall Street. In that case, the situation became completely different. They dared not disobey the orders of these big players.

Of course, if it were just the orders of these big players, although these financial elites would not openly sell, they could not prevent small-scale private sales. Therefore, along with this order, the explanation from these big players regarding this order was also issued.

They told everyone that this Little Swift was indeed an extremely cunning and insidious fellow. He already knew that many people in Wall Street had bought stocks in mobile phone companies in an attempt to profit.

And Little Swift, seizing this point, deliberately created a false impression that he might redeem the stocks after three months, the purpose of which was to lure people in the circle, who were well-informed, to become scared and sell their stocks in droves.

Once this trend began, the stock prices would likely collapse in advance, because everyone was a financial elite, and no one wanted to be the one buried at the bottom.

In this way, Little Swift would probably only have to wait a few days for the stock prices to fall back to their previous levels, and then Little Swift would be able to reduce his losses by tens of billions of dollars.

This was Little Swift's calculation.

Therefore, everyone needed to be patient, maintain the stock prices, and continue to stall Little Swift, because Little Swift was losing US$400 million every day he held out. He was the one who couldn't stand it. As time went on, he would be unable to accept the losses and would have to initiate the redemption.

After reading this explanation, the elites finally understood, and completely grasped Little Swift's intentions.

Then they couldn't help but feel a sense of admiration. This black financial god actually had some real ability to design such a trajectory, using the psychology of these elites to set up a trap. If they were not careful, they would be outsmarted by him!

However, Little Swift was still too young. His minor calculations could not hide from these real big players. This time, Little Swift was truly going to be destroyed without a burial place.

Thus, December 1st passed like this. The stock prices of several companies did not fall, and seemed to have risen a lot instead.

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"You did well this time. I didn't expect this Little Swift to be able to calculate people's hearts like this!" In the same luxurious hall, the old man smiled and handed a glass of wine to Hao Jianguo!

"Not at all! This is all I should do!" Hao Jianguo said obediently.

"Very good, you finally understand what you should do!" The old man nodded with satisfaction, feeling a sense of relief. In fact, his hand was behind the setup for Little Swift this time.

Therefore, when he discovered that Little Swift had not made a move on the last day, he felt very inexplicable and had a sense of foreboding.

Fortunately, at a critical moment, Hao Jianguo delivered the news. It turned out that he had attended an internal secret meeting of the Western Mustang Fund. This was a top-secret meeting attended only by Little Swift, Hao Jianguo, and Huang He. At this meeting, he learned about Little Swift's plan to use the Wall Street elites' desire to escape quickly to create a trap and cause stock prices to collapse, thus exiting with smaller losses.

So Hao Jianguo immediately told the old man this news, which cleared the old man's doubts and led to the message sent to everyone this morning.

Hao Jianguo's contribution was immense!

"What do you think, after their plan is thwarted by us, what will that little black guy and Huang He do next?" the old man asked curiously, squinting his eyes.

"As far as I know, Huang He is definitely not someone who is willing to sit still and wait for death. He is very intelligent, and he will definitely find other ways to compensate for the losses!" Hao Jianguo said.

"Is that so? Then what do you think his method will be?" the old man asked curiously.

"This, actually, when we were in the meeting that day, Huang He vaguely revealed one of his ideas!" Hao Jianguo hesitated for a moment, then said, "He said that if all else fails, he would have Little Swift take the money and run directly to Russia to infuriate those guys on Wall Street!"